Metro Denver Real Estate Update – 3 Key Things to Know About the Real Estate Market
1) Mortgage rates are driving the current metro Denver real estate market.
2) High mortgage rates have reduced buyer demand as some buyers have been priced out of the market and other buyers are waiting for interest rates to fall.
3) High mortgage rates are keeping current homeowners from selling. 82% of homeowners with a mortgage have an interest rate below 5.0%. These homeowners are unwilling to sell in the current market with high home prices and high interest rates.
This video will give you more in-depth information on these 3 key things driving the metro Denver real estate market.
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My wife and I were tough customers as we looked at homes for over 8 months. We had a list of wants and priorities but just could not find the right combination. Doug was tireless, persistent, and confident that we would find the right home. After over 50 showings with Doug leading the way, we did find the perfect home. Our existing home sold the first weekend it was listed and for a price we never thought possible. Thanks to Doug that was a seamless and relatively easy task.
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Working with Doug Hutchins to sell our home was a 5 star experience from start to finish. Doug was outstanding from the moment we met him to signing the closing documents. From the initial consultation, that moved quickly to all of the detailed aspects of the sales process, (staging consultation, home inspection, floor plan, taking professional photos, putting together a great video, pricing, brochures for the showings, timing of showing, etc.), he ensured we could jointly be ready at a moments notice for us to tell him we were ready to sell. Doug has been the best realtor we've encountered over a lifetime of buying and selling homes. His absolute professionalism is matched by him just being a great guy to talk to with a good sense of humor and a joy to do business with. - Tom Bowman
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